RE:What to Do?Just treat it like a trading stock. Anglo American walked. They didn't want to tell shareholders that they blew 600 million bucks on some boondoggle out in Alaska. That would have been the road to damnation. So they made up some song and dance about how NAK has a great future, but they don't want to be part of it. Rio Tinto gave their 19.1% of the company away to charity. How big a hint do you need? After talking about prefeasibility in their MD&A's all through 2011, 2012, and right up to the summer of 2013, it suddenly disappeared off the radar, never to be heard from again.
Until Feb 14. Now, at last count, there are 14 lawsuits pending. Until the company is more forthcoming as to where the prefeasibility study disappeared, it makes more sense to trade this up or down strictly on the technicals. A lot of people believe you should fall in love with your stock, or narrative currently being peddled. Don't do it.